Accountıng I Deneme Sınavı Sorusu #1313557
Accountants assume that the business will remain in operation long enough to use existing assets for their intended purpose. Which of the following assumption is the reason for this?
Going concern |
Economic entity |
Monetary unit |
Faithful representation |
Relevance |
Yanıt Açıklaması:
The going concern assumption assumes that the business entity will remain in operation forever. Under the going-concern concept, unless there is evidence to the contrary, accountants assume that the business will remain in operation long enough to use existing assets for their intended purpose.
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